March 2008/1

Microsoft has teamed up with six insurance IT firms in a bid to provide a "one-stop-shop" for the London market.

UK consolidator Towergate Partnership has acquired the private medical insurance (PMI) provider City & Suburban Health.

Swiss Re has devised a new business model, with the aim of being "the first place companies turn to for solutions", according to the firm's CEO Jacques Aigrain.

Prosecutors in the trial of former General Re and American International Group (AIG) executives found guilty in a sham finite reinsurance contract have vowed to continue investigations up the corporate ladder.

Amlin reinforced its position as a leader among the quoted Lloyd's insurers with "record" results that included a 30 percent leap in pre-tax profits to £445mn and a lowly 63 percent combined ratio.

UK general insurer Royal & Sun Alliance (RSA) bounced back to a profit of £638mn for 2007 despite taking a hit from last summer's UK floods.

As broadly healthy earnings continue to be set against the threat of the softening market, AM Best has affirmed its stable outlook on the reinsurance sector, with a minority of upgrades and downgrades expected to balance out...

Bermuda could be in line for an influx of financial guarantee reinsurers following the sub-prime mortgage crisis, according to The Bermuda Monetary Authority (BMA).

New York-based hedge fund Institutional Credit Partners (ICP) has been dismissed from Canadian conglomerate Fairfax Financial Holdings lawsuit against it and a number of other funds.

XL Capital added to fourth quarter losses arising from its relationship with troubled bond insurer Security Capital Assurance (SCA) in a Securities & Exchange Commission (SEC) filing after close of markets Friday (29 February).

Although Swiss Re reported only modest deterioration on its credit default swaps (CDS) as it booked a 9 percent fall in 2007 net income to SFr4.2bn last week, its disclosures on credit market exposure and its recent quota share deal...

The Port Authority of New York and New Jersey’s claims stemming from 9/11 will be restricted to two buildings a judge has ruled.